In the new issue of Regulation, economist Pierre Lemieux argues that the recent oil price decline is at least partly the result of increased supply from the extraction of shale oil. The increased supply allows the economy to produce more goods, which benefits some people, if not all of them. Thus, contrary to some commentary in the press, cheaper oil prices cannot harm the economy as a whole.
Two long wars, chronic deficits, the financial crisis, the costly drug war, the growth of executive power under Presidents Bush and Obama, and the revelations about NSA abuses, have given rise to a growing libertarian movement in our country – with a greater focus on individual liberty and less government power. David Boaz’s newly released The Libertarian Mind is a comprehensive guide to the history, philosophy, and growth of the libertarian movement, with incisive analyses of today’s most pressing issues and policies.
Featuring Rep. Cal Dooley (D-CA); I. M. “Mac” Destler, Author, American Trade Politics; and moderated by Daniel Griswold, Director, Center for Trade Policy Studies, Cato Institute.
During his 14 years in the House, retiring Rep. Cal Dooley (D-CA) has compiled one of the most pro-trade voting records in Congress. He played an important role in the passage of major trade initiatives, such as NAFTA; the creation of the World Trade Organization; China’s entry into the WTO; and trade promotion authority. Meanwhile, there has been a growing debate within both major parties about free trade agreements and the effect of globalization on the U.S. economy. Rep. Dooley will reflect on trade battles past and the prospects for reviving bipartisan support for trade expansion in the new Congress. This will be followed by comments from University of Maryland professor Mac Destler, one of the nation’s top trade historians.